OppenheimerFunds Inc. boosted its holdings in shares of Gramercy Property Trust (NYSE:GPT) by 396.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,237 shares of the real estate investment trust’s stock after acquiring an additional 53,702 shares during the quarter. OppenheimerFunds Inc.’s holdings in Gramercy Property Trust were worth $1,837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in Gramercy Property Trust by 6.4% during the second quarter. BlackRock Inc. now owns 15,369,414 shares of the real estate investment trust’s stock valued at $419,893,000 after acquiring an additional 929,605 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Gramercy Property Trust by 37.9% in the first quarter. Principal Financial Group Inc. now owns 5,969,108 shares of the real estate investment trust’s stock valued at $129,710,000 after purchasing an additional 1,641,496 shares during the period. Brookfield Asset Management Inc. raised its position in shares of Gramercy Property Trust by 22.3% in the first quarter. Brookfield Asset Management Inc. now owns 5,104,680 shares of the real estate investment trust’s stock valued at $110,925,000 after purchasing an additional 931,700 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Gramercy Property Trust in the second quarter valued at approximately $123,659,000. Finally, Northern Trust Corp raised its position in shares of Gramercy Property Trust by 4.6% in the first quarter. Northern Trust Corp now owns 2,888,261 shares of the real estate investment trust’s stock valued at $62,762,000 after purchasing an additional 127,801 shares during the period. 86.36% of the stock is currently owned by hedge funds and other institutional investors.

GPT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 25th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Gramercy Property Trust in a research report on Thursday, May 31st. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Gramercy Property Trust in a research report on Tuesday, July 10th. Finally, Citigroup lowered shares of Gramercy Property Trust to a “neutral” rating and set a $27.50 price target on the stock. in a research report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Gramercy Property Trust currently has a consensus rating of “Hold” and an average target price of $26.50.

NYSE:GPT opened at $27.43 on Tuesday. Gramercy Property Trust has a 12 month low of $21.12 and a 12 month high of $31.26. The company has a market capitalization of $4.41 billion, a PE ratio of 13.38, a PEG ratio of 1.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.63 and a current ratio of 3.63.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $145.60 million for the quarter, compared to analyst estimates of $148.34 million. Gramercy Property Trust had a net margin of 20.65% and a return on equity of 3.93%. analysts predict that Gramercy Property Trust will post 2.02 earnings per share for the current fiscal year.

Gramercy Property Trust Company Profile

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

Further Reading: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding GPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gramercy Property Trust (NYSE:GPT).

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

Receive News & Ratings for Gramercy Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.